On November 21 Sens. Dick Durbin (D-IL), Elizabeth Warren (D-MA), and Tina Smith (D-MN) sent a letter to Fidelity Investments cautioning the company against allowing 401(k) investors to put their money into cryptocurrency. The letter says, “By many measures, we are already in a retirement security crisis, and it should not be made worse by exposing retirement savings to unnecessary risk” and cites the recent collapse of FTX has evidence that such investments are unwise.